Question: Consider the data given in the following table. The fixed cost is $900 per week. Perform a time-cost tradeoff analysis. What is the minimum cost

Consider the data given in the following table. The fixed cost is $900 per week. Perform a time-cost tradeoff analysis. What is the minimum cost to complete the project and what is the corresponding time?

Immediate Normal Time Crash Time Normal Crash Activity Predecessor (s) (Weeks) (Weeks)

Immediate Normal Time Crash Time Normal Crash Activity Predecessor (s) (Weeks) (Weeks) Cost ($) Cost ($) A None 9 6 13,000 15,550 B None 5 4 7000 7900 C None 7 5 15,000 15,800 D A 12 8 12,000 14,800 E B 8 5 9000 10,500 LL F B 6 4 5000 6200 G C 11 9 13,000 14,000 H D, E 5 4 8000 9000 I F, G, H 4 3 2500 3500 J 10 8 12,000 15,000

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Operations Management Questions!

Consider the following network of a project consisting of 7 activities with a scheduled project duration of 36 weeks. Direct cost $12,000 with 36 weeks Indirect cost of $ 150 per week and delay...

CIVE 480-construction management Problem 1: Consider the following network of a project consisting of 7 activities with a scheduled project duration of 36 weeks. Direct cost $10,000 with 36 weeks...

4 . A different textile manufacturer hires you to ensure that the workers on the factory floor have sufficient raw materials each week to meet output demands on their company. The manufacturer plans...

Please see the following Instruction and POLYPRODUCTS INC. Case Study documents. These are complete documents. Can you please prepare a document to answer all questions? Instruction POLYPRODUCTS INC....

Blackheath Manufacturing Company MBA Case Hint: You would be well served to develop this in Excel. Be sure you lay it out in a readable, understandable presentation. Trafalgar was perplexed by the...

1). Prepare a cash budget for the quarter. 2).Prepare a projected balance sheet as of April 1. BLACKHEATH MANUFACTURING COMPANY PART 1 Mr. Blackheath had promoted Lee High to vice president of...

Problem # 2 : Your Castle Construction Project ( This problem includes 8 questions Questions # 1 5 - 2 2 ) You are working to build your private castle. You have determined and listed the following 1...

Black Manufacturing Company Revisited Part I Mr. Black had promoted Lee High to vice president of finance. Lee had practically been running the firm for several years during which time sales and...

Requirements: Prepare a Pro Forma Master Budget for the first quarter of the year, which should include a sales budget, production budget, raw materials budget, direct labor production, MOH budget,...

MULTIPLE CHOICE: 1. Using the balanced scorecard approach, an organization evaluates managerial performance based on: a. A single ultimate measure of operating results, such as residual income. b....

Jeff Miller owns Miller Auto Body Repair. During some months, he seems to have sufficient cash to meet all needs and maintain a comfortable cash reserve balance. During other months, he is frustrated...

Hartford Jewelers had the following purchase transactions. Journalize all necessary transactions. Explanations are not required. Jun. 20 Purchased inventory of $5,400 on account from Surry Diamonds,...

The bonds issued by jordache jewelers bear a 7 . 5 percent coupon, payable semiannualy. The bonds mature in 1 3 years and have a $ 1 . 0 0 0 face value. Currently, the bonds sell at par. What is the...

Find the critical points and apply the Second Derivative Test (or state that it fails). '(x) = x 5 x 3

Markland First National Bank of Rolla utilizes kanban techniques In Its check processing faci1ity. The following information is known about the process. Each kanban container can hold 50 checks and...

The Farm-4-Less Tractor Company produces a grain combine (GC) in addition to both a large (LT) and small size tractor (SM). Its production manager desires to produce to customer demand using a mixed...

Though there were several reasons, the most important reason maquiladoras (transnational corporations) set up production on the Mexican side of the U.S. border was because of: O US subsidies to...

7. The following data relates to two output levels of a department: Machine Hours Total Overheads 18,000 $380,000 The variable overhead rate was $5 per machine hour. The amount of fixed overhead...

50 MCQ Practice 50 MCQ Practice 23) The following information pertains to Mayberry Corporation Beginning inventory Ending inventory Production Selling price per unit Direct labour per unit Direct...